Aavenir Contractflow, an AI-enabled contract lifecycle management solution, enables enterprises to standardize and automate the end-to-end contract lifecycle, right from intake to renewal. The Aavenir platform empowers its customers to collaborate seamlessly and leverage actionable contractual data to streamline workflows, accelerate cycle times, ensure compliance, and drive scalable business outcomes.
Built natively on NowTM Platform, the Aavenir Contractflow solution empowers requestors, contract managers, administrators, reviewers, and obligation compliance managers with an intuitive, easy-to-use, and connected contract management experience.
Built For
- Legal
- Procurement
- Sales
- Finance
- IT
- HR
Legal teams can ensure the standardization of clause libraries and pre-approved templates and achieve drastic efficiency gains. Moreover, Contractflow is powered by the Aavenir Intelligence Platform (AIP) for contract data extraction, clause simplification, clause deviations, and recommendations.
Procurement and sales teams can reduce negotiation bottlenecks and collaborate efficiently with vendors, partners, and customers.
At the core of AIP is Avy, your AI contract assistant. Avy helps users understand contract details, speed up contract reviews, break down complex legal terms & clause language, create safer contract clauses, and quickly find answers to questions about contracts through a chat interface.
The solution also provides third-party paper ingestion using advanced AI technology and insights into contracts and performance obligations using easy-to-configure dashboards.
Aavenir Contractflow offers flexible configurations throughout the lifecycle, including contract request, authoring, negotiation, approval, renewal, amendment, execution with electronic signatures, and post-award obligation management. It helps achieve ROI faster with accelerated time-to-value and enhanced user adoption.
Why use Aavenir Contractflow on ServiceNow?
- Accelerated contract cycle times
- Ensure legal & regulatory compliance by mitigating pre- and post-award risks
- Get accurate contract authoring through standardized clause libraries and legal language.
- Drive performance across external and internal teams by tracking terms, obligations, and key milestones in real-time.
- Scale your business by responding faster to market shifts with Aavenir’s connected contract management experience.
- Leverage AI to understand and manage contracts better, improve contract accessibility to even non-legal teams, and boost productivity.
More Information: https://aavenir.com/solutions/ai-contract-automation-software-ai-contract-review/
Built on the industry-leading ServiceNow platform, Aavenir Contractflow (Contract Lifecycle Management) is available as a unique SaaS solution.
- Powerful Contract Configurator: Quickly author any type of contract by leveraging pre-built contract templates.
- Legal and Regulatory Playbooks: Drag and drop pre-built contract templates with multi-lingual support. Playbooks for primary, alternate, and fallback clauses to standardize and accelerate the contract-creation process
- AI-Driven Contract Data Extraction: Automated and on-demand extraction of terms and clauses from contract documents with high accuracy.
- Empowering with Generative AI Capabilities: Proprietary AI Contract Assistant tool, Avy, with quick-access menu options to aid users in simplifying and understanding complex contract information into easy-to-understand language for easier interpretation, even by non-legal personnel. .
- Clause Deviation with AI: Auto-detect contract clause variations against legal-approved clause libraries or previous versions during the review or negotiation stage. Additionally, generate an alternate clause with best-fit options.
- Customizable Contract Processing Workflows: Share and execute a contract on the ServiceNow workflow platform with ad hoc approval or defined rules-driven conditional approvals that support adding comments, annotations to files, and alerts.
- LiveView Experience and Comparing Information: Compare contract information during amendments and renewals through expandible and collapsible “LiveView” interface, with an improved user experience.
- AI-Powered Contract Summary: Generate a contract summary to view important data points and an overview of a contract in a concise format.
- Approvals & eSignatures: Dynamic approval workflows and tracking. Pre-integrated with DocuSign and Adobe Sign to manage e-signatures directly from the application.
- Contract Renewals and Termination: Proactively monitor contract expiration and automate contract renewals.
- Contract Audit and Compliance: Meet increasing regulatory compliance requirements by the ready-to-audit contracting process, showing “who-what-when” for every contract action.
- Microsoft Office Integration: Collaboratively negotiate (redline), review contracts, and track changes in real-time using Office 365 integration.